Benebit ICO Alleged to be a Scam

According to calculations, Benebit was able to steal from $2.7M to $4M

24 January 2018
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Organizers of ICO Benebit, which had positive ratings and significant support from the community, allegedly fled with investors' money. According to the calculation, the cybercriminals stole from $ 2.7 million to $ 4 million.

The fact that Benebit is not that clear became known when someone found that the photos of the members of the project team were taken from the site of the British school for boys. As Bitcoin. com notes, this case could be the largest scam of its kind in history.

Benebit "Team"

It was assumed that Benebit will develop a platform to increase customer loyalty. The startup secured broad public support, collecting 9,000 subscribers in Telegram and receiving positive ratings on the ICO review sites.

And on January 22, Benebit ceased to exist: its website and most of the accounts in social networks were deleted. Only Telegram group remained, in which investors continue to share their experiences.

In general, Benebit created a positive impression: the activity in his Twitter was supported for more than a year, which allowed him to collect a significant number of followers.

The saved version of the website allows you to get a general idea of the proposed product. Words "decentralized", "global system", "blockchain", "revolutionary network", etc. were used on it. One of the reasons that made users think that they have a full-fledged project before them are the amounts that the team spent on marketing. It is assumed that Benebit spent up to $ 500,000 on the advertising campaign.

Early investors have already invested their money in Benebit by the time users suspected something was wrong.

CO Watchlist, also evaluating the ICO, wrote: "Benebit was a Junior listed project on our platform and it has been pulled down since this report got to us. Our hearts go out to those who might have lost their funds to this project. As we consistently remind people, ICOs are high risk ventures and it is imperative that investors do their own due diligence before making commitments"

ICO Bench also included Benebit in its listing, and users gave it a rating of 4.1 out of 5.

Benebit Telegram

According to the administrator of the Telegram-channel Benebit , the real organizers of the ICO are in India. He claims that he was deceived just like everyone else.

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ACTN Token Distribution About to Close

The users have last chance to get their 1000 free ACTN tokens as the token distribution for registration closes on March 1, 2018

21 February 2018
53

The Action Coin Platform represents over 500,000 Action collectors and customers from more than 200 countries and territories. It is the basis of an incentive-driven rewards program with “points” that are rewarded in the form of a decentralized, blockchain-based digital asset known as Action. Action may be redeemed for member-only discounts on a growing list of products and services offered through its business network.

ActionCoin has announced that the users who sign up are entitled to receive 1,000 FREE ACTION during the official token distribution event (Airdrop) scheduled to commence on March 1, 2018.

The two first phases of ACTN token pre-sale are already finished, and the third one will be held from February 21 to 25, with 250,000,000 Action tokens to be sold for $0.02 USD each.

BTC, ETH, XRP, XLM, LTC, NXT are accepted during the presale. The current market rate will be locked in at the beginning of each presale phase, for the entire phase.